Should government consider bitcoin as a legal global currency?

[jpaul]

I don't think the governments are ready to accept bitcoin as a legal global currency. Bitcoin is something that they don't have any control over and that is something the governments hate and wont ever let grow. But bitcoin has grown big enough that banning it is not an option and only time will tell what happens.

[Ishiro5]

In reality, i think it is about when governments would start considering bitcoin as a legal global currency, perhaps when crypto market capitalization hits the tens of trillions mark, then they would not have option but to really consider it as a major currency option

[sureshotcoin]

japan government already considered Bitcoin as legal currency and many country are about follow

[neo444]

My country is not accepting bitcoin because of the old financial laws that have not changed

[KingScorpio]

Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?

actually why only bitcoin? why not also the other 23000 cryptocurrencies as well and why not the remaining 5 million ones that also will come, lets start abuse all those that work or think money i valuable.

[MrRiuss]

yes, of course every government should consider bitcoin as a legal. i think nobody can stop blockchain to thrive in the future. so rather than banned it, why dont just make it legal?

[Minionnn]

Information technology is developing strongly. Bitcoin has many benefits and advantages. I think that the government legal bitcoin is a good deal. That promotes the economy of the country. Payment process will take place quickly.

[dupee419]

Yes, I think that governments should make an action right now, Japan will be the most advanced country in the next few years, one of the reasons here are the legalization of bitcoin, because of this, Japan's economy would be more advanced than any other country, and this is why countries should make an action as early as possible.

[Kumic]

Yes, it should. Every government should except it and I'm waiting for that day.
Bitcoin is not yet ready for mass use, but it could be developed more.

[Soots]

Information technology is developing strongly. Bitcoin has many benefits and advantages. I think that the government legal bitcoin is a good deal. That promotes the economy of the country. Payment process will take place quickly.

Yeah you're right mate. Bitcoin gives many benefits to us as it will able to add our financial aspects in life. In some point, bitcoin doesn't see everyone as good impact since there are some countries think that bitcoin will really affects their way of living which is so opposite to those countries legalized bitcoin.

[rabs]

Bitcoin is the name of freedom there is financial freedom and freedom from traditional bank,People want change and became fade up from old fiat money which is risky.While Bitcoin can used globally and make transactions safely and quickly,Government should legalize it that common people take benefit from it.

[Noilee]

But of course government should consider bitcoin in the near future  as a legal global currency due to the fact that bitcoin is so widespread across the globe and can be used my almost everyone. If Japanese have already done it why can't we? This consideration of bitcoin should put us one step ahead into cashless society. Even if there are risks in allowing bitcoin as global currency I know that someday in the near future there will already have the answer how to fix it.

That's true there is the possibility, because the government see that it can help people has a big help to the people and it can helps to solve poverty. I think sooner there are more government accept btc. Especially today government should legalized bitcoin because there are many people already wants to invest in bitcoin, so i think they need bitcoin to legal global currency.

[shakil77]

yes i think government should consider bitcoin as a legal global currency. Though bitcoin is more valuable then dollar but still it is not legal global currency.I thing one day dollar loss its value and bitcoin speared global currency.

[marabanda]

For the government of most countries in the world it is extremely unprofitable to make the Crypto currency an official way of paying for anything ... only if this is not their own crypto currency, but in this case it will have little in common with the classical crypto currency. It will be centralized and it will be easy to track all payments.

[kasemin]

Yes of course the government should consider Bitcoin in the near future as the global currency is legal due to the fact that Bitcoin is widespread throughout the world and can be used almost everyone. If the Japanese have done it, why do not we consider Bitcoin. To accept it and submit to the rules. The problem is, different countries have different laws and thus make it complicated to reach consensus about the global currency.

[Liona88]

I think government only consider bitcoin as legal global currency if they can put taxes and regulations that people must follow. But i think it is better  if bitcoin become legal in many country like what japan did,because we can use it anytime without fear and doubt.

[JiuMiBe]

At the moment, there are no regulations or legal frameworks for administering Bitcoin transactions from the Government, the use of Bitcoins as payment instruments is not recognized and protected by law.

[JimmieA]

Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?

i think that most of us are hoping that btc will be accepted as a legitimate currency. however, when the goverment issue the law to control btc, it's mean you must Pay extra fees for your transactions, thus that newbies in trading will have a difficulty to invest with  amount of small money.

[Mr Bhuiyan]

I  think that most of us are hoping that btc will be accepted as a legitimate currency.if they can put taxes and regulations that people must follow.That promotes the economy of the country. Payment process will take place quickly.It will be centralized and it will be easy to track all payments.

[Argoo]

Japan already made bitcoin a legal currency. Would you consider your countries to also pass a law recognizing bitcoin as a legal form of currency?

In Japan, bitcoin is recognized as a means of payment, not a legal legal currency. Now almost all states are also faced with the choice of recognizing or not recognizing crypto currency as a means of payment. The results of such decisions will be different and contradictory, since the crypto currency is a completely new and completely unexplored phenomenon. Crypto-alyuta should eventually go to all states, but for a long time it will have a different status.